Special Report on the Storage, Management, and Actual Use of Raised Funds
According to the regulations issued by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, Hongbo Co., Ltd. (hereinafter referred to as "Hongbo") has prepared this special report on the storage, management, and actual use of raised funds as of December 31, 2025.
1. Basic Information on Raised Funds
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Actual Amount Raised and Fund Arrival Time Approved by the China Securities Regulatory Commission document [2016] No. 1057 and agreed by the Shenzhen Stock Exchange, Hongbo Co., Ltd. conducted a private placement of no more than 40.5 million new shares. On August 4, 2016, the company issued 34,982,142 shares of common stock (A shares) at a price of RMB 22.40 per share to six specific investors, including Baoying Fund Management Co., Ltd. and others. As of August 4, 2016, Hongbo raised a total of RMB 783,599,980.80, with issuance costs of RMB 21,099,982.14, resulting in a net amount of RMB 762,499,998.66. All raised funds were confirmed to be in place by the accounting firm Zhitong (special general partnership) with verification report No. Zhitong Yan Zi [2016] No. 351ZA0033.
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Amount Used in Previous Years As of December 31, 2024, the company had cumulatively invested RMB 596,993,034.80 in projects funded by the raised funds, with no prior investment from its own funds before the funds were in place. From August 4, 2016, to December 31, 2024, the company used RMB 596,993,034.80 of the raised funds.
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Amount Used and Balance During the Reporting Period In 2025, the company used RMB 252,703,859.17 of the raised funds. This included using temporarily unallocated raised funds and surplus funds to permanently supplement working capital (RMB 252,703,859.17) and using idle raised funds to purchase financial products, yielding RMB 1,560,580.56 in income and RMB 38,080.16 in interest income, with a fee of RMB 114.50. As of December 31, 2025, the balance of raised funds was RMB 819.58.
The situation of idle raised funds used to purchase financial products in 2025 is as follows: